Goldman Sachs Group Reiterates “Neutral” Rating for Groupon (GRPN)

Groupon (NASDAQ:GRPN)‘s stock had its “neutral” rating reissued by equities research analysts at Goldman Sachs Group in a note issued to investors on Thursday. They currently have a $4.80 target price on the coupon company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 6.43% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a research report on Monday, November 6th. TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Citigroup upped their price objective on shares of Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Vetr lowered shares of Groupon from a “strong-buy” rating to a “strong sell” rating and set a $3.68 price objective for the company. in a research note on Thursday, November 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.25 price objective on shares of Groupon in a research note on Monday, November 20th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.06.

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Groupon (NASDAQ GRPN) traded down $0.06 during trading hours on Thursday, hitting $4.51. 12,234,028 shares of the stock traded hands, compared to its average volume of 11,050,000. Groupon has a one year low of $2.90 and a one year high of $5.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.86 and a current ratio of 0.95. The company has a market cap of $2,520.00, a price-to-earnings ratio of 225.50, a price-to-earnings-growth ratio of 24.79 and a beta of 1.47.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The business had revenue of $873.17 million for the quarter, compared to the consensus estimate of $853.13 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. equities analysts forecast that Groupon will post 0.03 earnings per share for the current year.

In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $5.77, for a total value of $8,655,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Stevens sold 20,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $5.71, for a total transaction of $114,200.00. Following the completion of the sale, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The disclosure for this sale can be found here. 23.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GRPN. Paloma Partners Management Co purchased a new stake in shares of Groupon in the fourth quarter worth approximately $110,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Groupon in the second quarter worth approximately $116,000. New York State Teachers Retirement System purchased a new stake in shares of Groupon in the third quarter worth approximately $122,000. US Bancorp DE purchased a new stake in shares of Groupon in the fourth quarter worth approximately $133,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Groupon in the fourth quarter worth approximately $153,000. 59.81% of the stock is owned by institutional investors and hedge funds.

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About Groupon

Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).